$WAL is trading below key moving averages, indicating sustained medium-term selling pressure. The current movement is a corrective flat after the previous impulse, without confirmation of strength from volumes.
MA20 acts as dynamic resistance. Without a consolidation above MA50, it is premature to talk about a change in structure.
The price below MA100 and MA200 can be viewed as a globally bearish trend. These moving averages form a zone of strong resistance.
But it holds up quite well relative to other altcoins ☝️
Not financial advice! DYOR. Consider all possible consequences of trading and be cautious 🙂
WAL
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